First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) Short Interest Update

First Trust Structured Credit Income Opportunities ETF (NYSEARCA:SCIO) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 232,636 shares, a growth of 135.8% from the June 15th total of 98,665 shares. Based on an average daily volume of 369,664 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.0% of the company’s stock are short sold.

First Trust Structured Credit Income Opportunities ETF Stock Up 0.1%

Shares of First Trust Structured Credit Income Opportunities ETF stock traded up $0.02 during midday trading on Tuesday, hitting $20.62. The company had a trading volume of 123,186 shares, compared to its average volume of 212,232. The stock has a market cap of $467.04 million, a price-to-earnings ratio of -272.33 and a beta of 0.07. The company has a fifty day simple moving average of $20.64 and a 200 day simple moving average of $20.74. First Trust Structured Credit Income Opportunities ETF has a 12-month low of $20.43 and a 12-month high of $21.69.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCIO. Ferguson Shapiro LLC acquired a new position in shares of First Trust Structured Credit Income Opportunities ETF in the fourth quarter worth about $16,197,000. Kestra Advisory Services LLC raised its stake in First Trust Structured Credit Income Opportunities ETF by 2,317.8% in the 1st quarter. Kestra Advisory Services LLC now owns 568,187 shares of the company’s stock valued at $11,727,000 after purchasing an additional 544,687 shares during the last quarter. Royal Bank of Canada acquired a new stake in First Trust Structured Credit Income Opportunities ETF in the 1st quarter valued at about $8,006,000. Beaumont Financial Advisors LLC purchased a new position in First Trust Structured Credit Income Opportunities ETF in the 1st quarter worth approximately $7,243,000. Finally, Capital Investment Counsel LLC raised its holdings in shares of First Trust Structured Credit Income Opportunities ETF by 305.8% during the 1st quarter. Capital Investment Counsel LLC now owns 455,240 shares of the company’s stock worth $9,396,000 after acquiring an additional 343,046 shares during the period. 0.83% of the stock is currently owned by hedge funds and other institutional investors.

About First Trust Structured Credit Income Opportunities ETF

The First Trust Structured Credit Income Opportunities ETF (SCIO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to maximize long-term income by holding intermediate-term structured credit investments such as RMBS, CMBS, CLOs, and ABS. Securities are of any credit quality. SCIO was launched on Feb 27, 2024 and is issued by First Trust.